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The Impact of Economic Reforms – Rich People have become Richer and Poor People Poorer

Last Updated on March 25, 2020 2 Comments

In 1991, when the foreign exchange reserves had reduced to such an extent that India could barely finance three weeks’ worth of imports. Economic reforms were introduced in Indian economy. Before 1991, India was closed for foreign companies. It was a period very much known as License Raj. During this period, up to 80 agencies […]

Filed Under: Economy, Society Tagged With: economic reform, economy, india, Poor, Rich